Prospect Medical Holdings files for bankruptcy

Prospect Medical Faces Landlord Brawl, Cash Burn in Bankruptcy
Bankrupt hospital chain Prospect Medical Holdings Inc. won court permission to start drawing from its $100 million Chapter 11 financing despite a challenge from landlord Medical Properties Trust Inc.
Prospect Medical Holdings files for bankruptcy after owners took hundreds of millions in payouts
In an initial filing seeking Chapter 11 protections, Prospect Medical Holdings, which owns facilities in California, Pennsylvania, Rhode Island, and Connecticut, listed debts of more than $400 million. In a press release announcing its restructuring, the company said it would continue to operate as normal.
Prospect Medical Holdings, hospital network with 182 clinics nationwide, files for bankruptcy
Prospect Medical Holdings, the Los Angeles-based healthcare company, cited debts exceeding $400 million in its bankruptcy filing.
Hospital Operator Prospect Medical Files for Bankruptcy
Prospect Medical Holdings bankruptcy filing follows clashes with state regulators over hospital conditions.
Prospect Medical, owner of private hospitals in Southern California, files for bankruptcy
The company has appointed Sidley Austin LLP as general bankruptcy attorney, Alvarez & Marsal as financial adviser, and Houlihan Lokey Inc. as investment banker, according to the court document. The case is Prospect Medical Holdings, Inc., 25-80002, in the U.S. Bankruptcy Court Northern District of Texas.
R.I. braces for hospital fallout amid Prospect Medical Holding’s financial collapse
Officials say Roger Williams Medical Center and Our Lady of Fatima Hospital are operating, but the state’s health care system does not have the capacity to absorb their patients if they were forced to close.
Prospect Medical Holdings files for Chapter 11 amid criticisms of prior PE ownership
Prospect Medical Holdings filed for bankruptcy protections late Saturday, a move the financially strapped health system said will streamline divestitures outside of its home state of California.
Prospect Medical files for bankruptcy. Here's what it means for its two RI hospitals.
In a statement, the company said specifically it was looking to expedite the sales of Roger Williams and Our Lady of Fatima medical centers.
Prospect Medical Holdings bankruptcy: What you need to know
Prospect Medical Holdings, a company that owns three hospitals in Connecticut, filed for Chapter 11 bankruptcy protection.
‘Possibly the worst example of private equity greed’: In Prospect Medical bankruptcy, echoes of Steward
The California hospital chain went bust four years after Leonard Green & Partners took its profits and walked away.
Prospect Medical Holdings, owner of 3 Connecticut hospitals, files for Chapter 11 bankruptcy
Prospect Medical Holdings, which owns Manchester Memorial Hospital, Rockville General Hospital and Waterbury Hospital, has filed for Chapter 11 bankruptcy.
Hospital Chain Prospect Approved to Draw Bankruptcy Loan Opposed by Landlord
Prospect Medical has secured enough financing to continue operating through the initial phase of its bankruptcy case despite ...
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“This is about life and death”: Prospect hospitals will remain open, state officials promise
State officials reassure residents about continued care at the Prospect Medical Holdings’ Connecticut hospitals and announce ...
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Prospect Is Another Casualty of Private Equity in Healthcare, Experts Say
Prospect Medical Holdings -- a company that was named in a recent Senate report on the negative impacts of private equity on ...